In brief 01 Exchange is a decentralized platform custom-built for perpetual futures and power perpetuals. It’s getting ready to parlay a seed round into a successful launch. Looking for more crypto derivatives products to wrap your head around? They’re coming. 01 Exchange, a Solana-based platform for newfangled forms of crypto derivatives, raised $2.2 million in a seed round announced today.…
Crypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack Postmortem and CEO’s Comments Crypto.com revealed Thursday the number of users affected by the unauthorized crypto withdrawals that occurred…
Watch This Episode On YouTube Listen To This Episode: Host of the “Bitcoin Bottom Line” podcast and Valkyrie CIO, Steven McClurg, met via live stream with five special guests, all experts in the Bitcoin space in this latest episode. Bitcoiner C.J. Wilson began the roundtable discussion about the hopes and expectations of the new year. Wilson gave a short recap…
Venture capital firm Andreessen Horowitz, also known as a16z, is planning to raise up to $4.5 billion for crypto-related investments, per the Financial Times. The firm reportedly aims to put $3.5 billion of said funds into its latest crypto fund, while the remaining $1 billion will be reserved for a separate fund focused on seed investments in startups across the…
Though the broader crypto market cap only grew by 0.1% over the past day, indicating a slow day for many large cryptocurrencies, a handful of tokens in the Cosmos ecosystem are faring much better. With a market cap of about $29.5 billion, Terra’s LUNA is the ninth-biggest cryptocurrency in the world. LUNA is essential to Terra’s wider crypto project as…
In a report published on Thursday, The Central Bank of Russia has called for a blanket ban on domestic cryptocurrency trading and mining. The report titled “Cryptocurrencies: trends, risks, measures” compares cryptocurrencies to a Ponzi scheme and calls for a complete ban on their use throughout Russia. The authors claim that cryptocurrencies are highly volatile in nature and are being…
Multinational tech conglomerate Meta is reportedly diving into nonfungible tokens (NFTs) by integrating a feature that will let users show off their NFTs on their Facebook and Instagram profiles. According to the report, Meta is currently working on prototypes that will allow users to mint collectible tokens. Meta is also discussing potentially launching a marketplace that allows the buying and…
In brief Bitcoin mining’s migration to North America has raised scrutiny of its environmental impact. Mining giant Foundry claims the industry is accelerating a move to renewables. The issue has become hot enough to merit a hearing in Congress. When Congress meets on Thursday to discuss the environmental impact of cryptocurrency, it will highlight a growing problem for Bitcoin miners:…
Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down with Dylan LeClair to talk about all Federal Reserve news, rate hikes, balance sheet normalization (QT), U.S. government austerity and world news. LeClair is the head of market research for Bitcoin Magazine and produces the Deep…
The competition among the computing networks is warming up, with decentralized players coming into the stage with backing from the crypto ecosystem. Decentralized storage and computing network Aleph.im completed a $10 million funding round led by Stratos Technologies. Zeeprime, NOIA Capital, Theia, Bitfwd Capital have contributed to the funding, among others. The cross-blockchain network aims to provide fully decentralized computing…
